Global Veterinary Vaccines Market Segmented By Veterinary Diseases , By Technology, By Animal Type & By Geography - Trends And Forecast 2014-2019
LONDON, Sept. 23, 2014 /PRNewswire/ -- Growing numbers of farm and companion animals, increasing use of intensive animal husbandry practices and rising incidence of chronic diseases in animals have propelled the need for better animal healthcare.
Food safety concerns have boosted the usage of vaccines for better farm animal production. The global market for veterinary vaccines is estimated to be worth $12.0 billion in 2014 . Expected to grow at a CAGR of 8.8 %, the market is set to reach a value of US$19 billion by 2019.
The global veterinary vaccine market is segmented based on type of disease in companion and farm animals – poultry vaccines (Bronchitis, Avian Influenza, Marek's disease, New castle disease), Swine vaccines (Porcine reproductive disease, Swine influenza, Swine Pneumonia). Based on vaccine technology, the market is segmented into toxoid vaccines, recombinant vaccines, Inactivated vaccines and Live attenuated vaccines.
Based on geography, the market is divided into North America, Asia-Pacific, Europe and the rest of world. Europe accounts for the largest share of the animal vaccines market, followed by North America. Developing regions like Asia-pacific and Africa are expected to form a new revenue pocket in the market. Countries such as India, China, Brazil will be the major contributors to the market.
Pfizer (U.S.), Merck (U.S.), Sanofi-Aventis (France), Bayer HealthCare (Germany), Virbac (France), Novartis (Switzerland), Boehringer Ingelheim (Germany), Heska Corporation (U.S.), Bioniche Animal Health Canada, Inc. (Canada), and Ceva (France) are the key players in the global animal vaccines market.
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